Even through record June ETF outflows, institutions leaned into onchain credit. Standard Chartered initiated coverage on Aave & Morpho, DeFi lending TVL held ~$39.9Bn, and tokenized RWAs hit a record $30.1Bn. The collateral base is deepening.
Our July update: https://t.co/VbFKF2AwQZ
Cc: @kenzieyangxz@galaxyhq
The next phase of onchain credit isn't about chasing yield. It's about building scalable, institutional lending infrastructure.
This facility brings together a sophisticated lender, a trusted borrower, transparent verification, and capital that can move at internet speed.
Proud for Galaxy to be part of pushing that market forward.
@galaxyhq@AccountableData@k3_capital
DeFi risk isn't new. What's new is the pace.
The way to deal with that isn't to sit on the sidelines. It's better infrastructure and the right partner managing the risk with you, not just for you.
That's the idea behind GOFR.
The Forbes cover piece mentions how I was emailing the SEC as a kid
Here it is, October 2013. Little did I know...
What people call an "overnight success" takes a decade. And still a looong way to go
According to research by Galaxy, as of the end of 2024, the total CeFi loan portfolio stood at $11.2 billion, down 68% from its 2022 peak of $34.8 billion. The top CeFi lenders by outstanding loan volume include Tether, Galaxy, Ledn, Coinbase, and Maple. The combined market size of DeFi and CeFi lending is around $30 billion; when including CDP-based stablecoins like DAI, the total exceeds $35 billion. DeFi now accounts for over 60% of the crypto lending market.
https://t.co/3C7WTx6nmz